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Phaata Co.,Ltd

18-03-2024 13:50

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COSCO SHIPPING resumes CV3 service from Ho Chi Minh to China
COSCO SHIPPING announced the restoration of bi-weekly CV3 service from Ho Chi Minh City to Fuzhou, Quanzhou, Shekou and Humen, starting from the end of March 2024.

COSCO SHIPPING container vessel

 

In an effort to enhance its services and meet the growing demands of its customers, COSCO SHIPPING has announced the resumption of its biweekly CV3 service. 

The service will commence from voyage ETD Ho Chi Minh on March 27th, 2024, providing customers with improved connectivity between Ho Chi Minh City and key ports in China including Fuzhou, Quanzhou, Shekou and Humen.

The CV3 service will follow the schedule outlined below:

 

POL

ETD

ETA Fuzhou

ETA Quanzhou

ETA Shekou

ETA Humen

Hochiminh (Cat Lai)

Wed

4 days

5 days

8 days

9 days

 

For further inquiries and booking information, customers are encouraged to contact Cosco Shipping Lines (Vietnam) via the following email addresses:

- Booking inquiries and customer service department: sgn.sea.cus@coscon.com
- Freight inquiries and marketing issues: sgn.sales@coscon.com

 

>>View notification: Download file 

 

Source: Phaata.com (According to Cosco Shipping Lines (Vietnam)) 

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Phaata Co.,Ltd

13-03-2024 22:01

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Maersk studies possibility of acquiring DB Schenker
Shipping company Maersk has hired a consultant to research the possibility of taking over the leading logistics brand from Germany - DB Schenker - after DHL group withdrew from this deal.

Maersk studies possibility of acquiring DB Schenker

 

Last week, after DHL Group withdrew from the battle to acquire DB Schenker, one of the largest acquisitions in the global logistics industry, shipping company Maersk hired a consultant to study the possibility of taking over the leading logistics brand from Germany.

According to Danish financial daily Børsen, the world's second largest container shipping company is studying the purchase of DB Schenker, the logistics brand currently being sold by parent company Deutsche Bahn.

Maersk CEO Vincent Clerc told the newspaper that the company is taking a "very cautious approach" to the acquisition of DB Schenker.

Analysts at Sydbank, suggest another Danish name in logistics, DSV, remains the favourite to take over the German transport group.

DB Schenker is valued at 15 billion EUR (16.4 billion USD). This prestigious corporation currently has a workforce of about 72,000 people around the world.

 

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Source: Phaata.com (According to Splash247) 

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Phaata Co.,Ltd

11-03-2024 10:28

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SITC deploys online marketing on Phaata.com logistics marketplace
SITC's official sailing schedules and services will be updated and posted on the online logistics marketplace platform Phaata.

SITC container line Vietnam announces official shipping schedules on Phaata.com

SITC container line Vietnam announces official shipping schedules on Phaata.com

 
SITC container line (NEW SITC CONTAINER LINES VIETNAM CO.,LTD) and Phaata Logistics Marketplace (PHAATA CO., LTD.) have officially signed a cooperation agreement to deploy online marketing activities from March 2024.

Through cooperation, information about SITC's services and sailing schedules will be updated and posted officially and regularly on the Phaata.com website to access the logistics market in Vietnam quickly and conveniently. Shippers/Import-Export companies and logistics companies can visit Phaata.com to quickly view SITC's sailing schedules and download them in Excel files for convenient use.

In addition, SITC's service information and sailing schedules will also be widely posted on Phaata's fanpage and the leading and largest and most prestigious logistics/import-export communities that have been developing by Phaata such as: "LOGISTICS VIETNAM", "Xuất Nhập Khẩu Logistics", "Cộng đồng logistics Việt Nam"... with a total of more than 800 thousand members, to help SITC reach many potential customers and strengthen SITC's brand recognition in the Vietnamese market.

SITC is one of the leading shipping lines in China and ranked 13th in the world (according to Alphaliner announced in March 2024) with shipping services covering Asia. SITC's current services from Vietnam include main routes such as: China, Korea, Malaysia, and Japan.

View and download SITC's sailing schedules here.

 
CONTACT SITC LINE:

For more information about the service or to request a booking, please contact:

NEW SITC CONTAINER LINES VIETNAM CO.,LTD
Address: Floor 21 – Lim Tower 3, 29A Nguyen Dinh Chieu, District 1 Ho Chi Minh City, Vietnam

Phone: +84-28-54047415 Fax: +84-28-54047420

Website: www.sitc.com

Request a quote: sale.hcm@sitc.vn


About Phaata.com:

Phaata is the first International Logistics Marketplace in Vietnam. Phaata provides solutions to help search, connect and transactions between shippers/importers-exporters and logistics companies be carried out conveniently, quickly and effectively.

Currently, on the Phaata platform, there are more than 1,500 stores of Vietnamese freight forwarding / logistics companies opened to find customers, offer services/prices and deploy online marketing activities. Many logistics companies, shipping lines, and seaports have become customers/partners of Phaata and recognized this as an official channel to develop marketing and sales activities.

For shippers, Phaata helps find suitable logistics service providers quickly, receive many good shipping/logistics offers, and from there, can choose to optimize logistics costs for businesses. In recent times, Phaata has connected many successful transactions.

In addition, Phaata has also developed the largest and most prestigious logistics community ecosystem in Vietnam today with hundreds of thousands of participating members (on the Facebook), to support connections and transactions between members conveniently and quickly.


Source: Phaata.com

Phaata.com - Vietnam's First International Logistics Marketplace

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Phaata Co.,Ltd

08-03-2024 12:21

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International shipping and logistics market update - Week 10/2024
International logistics and container shipping market update on Asia, Europe and North America routes in the week 10/2024.

International shipping and logistics market update - Week 10/2024

International shipping and logistics market update - Week 10/2024

 

Drewry’s World Container Index for the week 2024 continued to decrease by 6% compared to the previous week, down to 3,287 USD. This fare index increased 82% compared to the same week last year and was 131% higher than the 2019 average before the pandemic (1,420 USD).

 

Drewry’s World Container Index Week 10/2024 Drewry’s World Container Index Week 10/2024 (Photo: Phaata | Source: Drewry)

 

1. Asia - Northern America route

 

The freight rates from Asia to the West Coast of North America in the week 10/2024 continued to decrease to 4,312 USD/FEU, equivalent to a decrease of 6.53% compared to the previous week and a decrease of 4.88% compared to the previous month, according to Xeneta data.

Due to the situation in the Red Sea, ships cannot return empty containers to Asia in time to meet demand. If the situation does not change, there may be equipment shortages in the coming weeks.

Prolonged drought is causing more restrictions on container ship traffic through the Panama Canal. There are 32 transits per day, down from the normal 36, and the canal is planning to gradually reduce that number weekly to an expected 18 per day before February 1. While container traffic has so far not been affected, further reductions will likely start to have an impact. Carriers are evaluating the possibility of adding more ships to Suez-bound routes. Alternative routes could be via the Suez Canal or via the U.S. West Coast by rail. Carriers are also implementing weight restrictions of 8 tons on average for containers moving through the canal. Traveling through Panama remains the fastest route to the U.S. East Coast.

 

Asia-US West Coast Freight rate | Week 10/2024Asia-US West Coast Freight rate | Week 10/2024 (Image: Phaata.com)

 

2. Asia - Northern Europe route:

 

The rate for container shipping from Asia to Northern Europe in the week 10/2024 continued to decrease sharply to 3,920 USD/FEU, equivalent to a decrease of 8.0% compared to the previous week and a decrease of 14.62% compared to the previous month, according to Xeneta data.

Due to the situation in the Red Sea, ships cannot return empty containers to Asia in time to meet demand. If the situation does not change, there may be equipment shortages in the coming weeks.

Spot freight rates continue to rise sharply as the threat from the Red Sea causes most shipping lines to reroute ships from the Suez Canal to the Cape of Good Hope. This significantly increases shipping costs and is expected to increase total shipping time by 2-4 weeks depending on the vessel's destination. We predict that this increase in spot rates will not easily stop even after the Lunar New Year.

The Ocean Alliance and 2M have announced more than 15 blanked sailings in February, and there may be more announcements from THE Alliance soon. If the situation does not change, there may be equipment shortages in the coming weeks.

 

Asia-Northern Europe Freight rate | Week 10/2024Asia-Northern Europe Freight rate | Week 10/2024 (Image: Phaata.com)

 

3. Northern America - Asia route:

 

The freight rates from North America (West Coast) to Asia in the week 10/2024 continued to increase by 5.56% compared to the previous week, to 759 USD/FEU. This price increased by 10.0% compared to the previous month.

Empty containers at many railway stations in the US mainland are lacking due to a lack of imports into the Midwest. Shippers should make reservations 2-3 weeks in advance to ensure they have container equipment for export plans.

Overall demand remains weak and is forecast to last until the end of the first quarter of 2024. Fierce competition is taking place among carriers. Freight rates continue to be offered by shipping companies at attractive rates to fill ships while capacity is still surplus.

 

US West Coast - Asia Freight rate | Week 10/2024US West Coast - Asia Freight rate | Week 10/2024 (Image: Phaata.com)

 

4. Northern Europe-Asia route:

 

The freight rate from Northern Europe to Asia in the week 10/2024 decreased to 874 USD/FEU, equivalent to a decrease of 6.52% compared to the previous week; and decreased by 12.16% compared to the previous month.

 

Northern Europe - Asia Freight rate | Week 10/2024Northern Europe - Asia Freight rate | Week 10/2024 (Image: Phaata.com)

 

Find Freight rates here.
 
Find Logistics Companies here.

 

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Source: Phaata.com 

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Phaata Co.,Ltd

06-03-2024 12:02

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Expert: HMM shipping company should invest in doubling its fleet size
According to Mr. Kim In-hyeon, Professor of Maritime Law at Korea University, HMM shipping company should use profits from the shipping fever due to the Covid-19 pandemic to double the size of its container fleet, to 1.7 million TEUs.

Container ship of HMM Shipping Line

Container ship of HMM Shipping Line (Photo: HMM)

 

HMM is the world's 8th largest container shipping company with a carrying capacity of more than 784,000 TEUs, of which the fleet owned by HMM has a total carrying capacity of 565,000 TEUs and the rest are chartered ships. Currently, the company is also ordering 25 new ships with a total carrying capacity of about 251,000 TEU.

Professor Kim emphasized that currently only 20% of Korea's exported goods going to the US and Europe are transported by Korean shipping lines and said that HMM shipping line needs to develop a larger fleet to compete more effectively against its competitors.

He commented: "The view is that South Korea cannot fully secure transport sovereignty. Evergreen and Yang Ming, two Taiwanese ocean-going shipping companies competing for north-east Asian shipping hegemony, have a total fleet of 2.3m teu, and Japan’s ONE has a fleet of 1.8m teu."

In the context that Yang Ming, ONE and HMM are members of THE Alliance, Professor Kim commented: "As the EU and US strengthen competition laws, it has become difficult for shipping companies to maintain a cooperative system in which they share ship operations, making the future outlook uncertain." And, "To make matters worse, Hapag-Lloyd will withdraw from THE Alliance and join hands with Maersk next year."

According to Mr. Kim, when ordering new ships or buying ships, it is best for shipping lines to avoid borrowing from banks, and currently, companies still have quite a lot of cash after huge profits during the period 2020-2022.

Professor Kim added: "As HMM has secured reserves exceeding KRW10trn ($7.5bn), the company must break away from the practice of financing 70% to 90% of ship acquisitions with borrowings. This will reduce the company’s debt ratio by increasing the self-funded proportion to 50% and avoid being hit in a downturn."

Regarding recent efforts when the sale of HMM to the joint venture Harim Group and JKL Partners failed, Professor Kim suggested that the company's largest shareholder, Korea Development Bank, should regulate the rather "chaotic" atmosphere. It should “seek to stabilise HMM’s management and then go through the sale process again”, he said.

A spokesperson for HMM told The Loadstar that in July 2022, the company set out a plan to develop a container fleet with a capacity of 1.2 million TEU by 2026. He added: "We’re in the middle of implementing the plan. We don’t consider linking our investment plans with the sale process, as those are two different things."

 

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Source: Phaata.com (According to The Loadstar) 

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Phaata Co.,Ltd

05-03-2024 11:58

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Emirates Shipping Line opens new shipping service from Far East to Middle East
Emirates Shipping Line (ESL) announced the opening of the new service COSMOS (CMX) and improvements to the existing service GALEX (GLX) with the aim of optimizing transit times and increasing frequencies between the Far East and Middle East regions.

Container ship of Emirates Shipping Line

Container ship of Emirates Shipping Line (Photo: EmiratesLine)

 
Emirates Shipping Line (ESL) has announced the introduction of the new COSMOS (CMX) service and the upgrade of the existing GALEX (GLX) service to optimize transit times and increase frequencies between the Far East and the Middle East.

The itinerary of ESL's services will pass through the following ports:

COSMOS service: Shanghai (China) – Ningbo (China) – Da Chan Bay (China) – Jebel Ali (UAE) – Sohar (Oman) – Port Klang (Malaysia) – Shanghai (China)

GALEX service: Busan (Korea) – Qingdao (China) – Xiamen (China) – Nansha (China) – Da Chan Bay (China) – Port Klang (Malaysia) – Jebel Ali (UAE) – Dammam ( Saudi Arabia) – Khor Fakkan (UAE) – Busan (South Korea)

ESL says these services combined will significantly reduce transit times from East Asia to the Middle East and improve overall service frequency.

With the addition of CMX services, the airline now offers nine services via Jebel Ali, providing access to major ports in the Indian Subcontinent and Africa. The CMX service marks the airline's second from Central China and third from South China to the Middle East.

Furthermore, the improved GLX service itineraries will benefit customers in the Upper Gulf, Red Sea and Africa, ensuring reduced transit times to major ports in Asia via Jebel Ali, according to ESL statement.

 

Emirates Shipping Line's COSMOS (CMS) service

Emirates Shipping Line's COSMOS (CMS) service (Photo: Phaata)

 

Emirates Shipping Line's GALEX (GLX) service

Emirates Shipping Line's GALEX (GLX) service (Photo: Phaata)

 

Source: Phaata.com (According to Emirates Shipping Line | Container News) 

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Phaata Co.,Ltd

04-03-2024 12:13

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CMA CGM completes acquisition of Bolloré Logistics
French shipping giant - CMA CGM Group has completed the acquisition of Bolloré Logistics from its compatriot shipping group Bolloré Group.

CMA-CGM-Bollore-Logistics

CMA-CGM-Bollore-Logistics (Photo: Bollore)

 

The two groups announced the deal value of 4.85 billion euros (equivalent to 5.25 billion USD), based on estimates of cash and debt on the date of completion of the deal.

In 2022, Bolloré Logistics will achieve a revenue of 7.1 billion euros (equivalent to 7.7 billion USD), transporting 710,000 TEUs of goods by sea and 390,000 tons of goods by air, along with the ability to store up to to 900,000 m².

This transaction marks the largest acquisition in CMA CGM's history since its establishment in 1978, and is an important step forward in the Group's logistics development strategy.

"The new entity, made up of CEVA and Bolloré Logistics, is the world's number 5 in its sector" - CEO and Chairman of CMA CGM Group Rodolphe Saadé emphasized. "We will now be able to offer our customers a complete range of services and extend our expertise to new businesses. On behalf of the CMA CGM Group and my family, I would like to welcome the 14,000 employees who are joining us today."

Mr. Cyrille Bolloré - CEO and President of Bolloré Group said: "This is the beginning of a new chapter for Bolloré Logistics’ employees. I am very pleased that they are joining the CMA CGM Group and the Saadé family. They will bring unique expertise and know-how, which have long made the pride of the Group and which will be the pride of CMA CGM tomorrow. It is also a great opportunity for our customers around the world and I would like to take this opportunity to thank them for their trust and loyalty."

 

cma-cgm-hoan-collection-vu-mua-lai-bollore-logistics

CEO and President of CMA CGM Group Rodolphe Saadé and CEO and President of Bolloré Group Cyrille Bolloré (Ảnh: CMA CGM)

 

According to the announcement, the transfer of Bolloré Logistics Sweden AB to CMA CGM Group is still dependent on foreign investment approval in Sweden.

 

Source: Phaata.com (According to Container News) 

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Phaata Co.,Ltd

01-03-2024 21:18

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International shipping and logistics market update - Week 9/2024
International logistics and container shipping market update on Asia, Europe and North America routes in the week 9/2024.

International shipping and logistics market update - Week 9/2024

International shipping and logistics market update - Week 9/2024

 

Drewry’s World Container Index for the week 9/2024 continued to decrease by 5% compared to the previous week, down to 3,493 USD. This price index increased 88% compared to the same week last year and was 146% higher than the 2019 average before the pandemic (1,420 USD).

 

Drewry’s World Container Index Week 9/2024Drewry’s World Container Index Week 9/2024 (Photo: Phaata | Source: Drewry)

 

1. Asia - Northern America route

 

The freight rates from Asia to the West Coast of North America in the week 9/2024 decreased to 4,613 USD/FEU, equivalent to a decrease of 3.43% compared to the previous week and an increase of 16.78% compared to the previous month, according to Xeneta data.

Due to the situation in the Red Sea, ships cannot return empty containers to Asia in time to meet demand. If the situation does not change, there may be equipment shortages in the coming weeks.

Prolonged drought is causing more restrictions on container ship traffic through the Panama Canal. There are 32 transits per day, down from the normal 36, and the canal is planning to gradually reduce that number weekly to an expected 18 per day before February 1. While container traffic has so far not been affected, further reductions will likely start to have an impact. Carriers are evaluating the possibility of adding more ships to Suez-bound routes. Alternative routes could be via the Suez Canal or via the U.S. West Coast by rail. Carriers are also implementing weight restrictions of 8 tons on average for containers moving through the canal. Traveling through Panama remains the fastest route to the U.S. East Coast.

 

Asia-US West Coast Freight rate | Week 9/2024Asia-US West Coast Freight rate | Week 9/2024 (Image: Phaata.com)

 

2. Asia - Northern Europe route:

 

The rate for container shipping from Asia to Northern Europe in the week 9/2024 continued to decrease slightly to 4,261 USD/FEU, equivalent to a decrease of 1.14% compared to the previous week and a decrease of 10.58% compared to the previous month, according to Xeneta data.

Due to the situation in the Red Sea, ships cannot return empty containers to Asia in time to meet demand. If the situation does not change, there may be equipment shortages in the coming weeks.

Spot freight rates continue to rise sharply as the threat from the Red Sea causes most shipping lines to reroute ships from the Suez Canal to the Cape of Good Hope. This significantly increases shipping costs and is expected to increase total shipping time by 2-4 weeks depending on the vessel's destination. We predict that this increase in spot rates will not easily stop even after the Lunar New Year.

The Ocean Alliance and 2M have announced more than 15 blanked sailings in February, and there may be more announcements from THE Alliance soon. If the situation does not change, there may be equipment shortages in the coming weeks.

 

Asia-Northern Europe Freight rate | Week 9/2024Asia-Northern Europe Freight rate | Week 9/2024 (Image: Phaata.com)

 

3. Northern America - Asia route:

 

The freight rates from North America (West Coast) to Asia in the week 9/2024 continued to increase by 2.13% compared to the previous week, to 719 USD/FEU. This price increased by 1.70% compared to the previous month.

Empty containers at many railway stations in the US mainland are lacking due to a lack of imports into the Midwest. Shippers should make reservations 2-3 weeks in advance to ensure they have container equipment for export plans.

Overall demand remains weak and is forecast to last until the end of the first quarter of 2024. Fierce competition is taking place among carriers. Freight rates continue to be offered by shipping companies at attractive rates to fill ships while capacity is still surplus.

 

US West Coast - Asia Freight rate | Week 9/2024US West Coast - Asia Freight rate | Week 9/2024 (Image: Phaata.com)

 

4. Northern Europe-Asia route:

 

The freight rate from Northern Europe to Asia in the week 9/2024 increased slightly to 935 USD/FEU, equivalent to an increase of 1.63% compared to the previous week; and increased 22.38% compared to the previous month.

 

Northern Europe - Asia Freight rate | Week 9/2024Northern Europe - Asia Freight rate | Week 9/2024 (Image: Phaata.com)

 

Find Freight rates here.
 
Find Logistics Companies here.

 

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Source: Phaata.com 

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Phaata Co.,Ltd

29-02-2024 10:06

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Folk Maritime - New container shipping line established in Saudi Arabia
A new container shipping line specializing in short routes and feeders (feeder) has just been established in Saudi Arabia to connect goods from this country to other important ports in the Red Sea region.

Mr. Poul Hestbaek - CEO of Folk Maritime Shipping Line

Mr. Poul Hestbaek - CEO of Folk Maritime Shipping Line (Photo: Folk Maritime)

 

Folk Maritime shipping line is headquartered in the capital Riyadh and is run by former leader of Hamburg Süd shipping line Poul Hestbaek, who left Maersk at the end of August last year.

Folk Maritime positions itself as Saudi Arabia's first dedicated feeder/logistics operator, providing services in the Middle East and surrounding areas.

In addition to Mr. Hestbaek, this organization is also run by former ARK Logistics & Maritime director Saleem Kadernani as chief commercial officer, chief of finance Khalid Fawzi, and head of human resources Abdulrahman Alshangiti.

The company currently operates two services in the Red Sea, with two 2,500 TEU supply vessels, connecting Jeddah with Neom, Yanbu in Saudi Arabia, and Ain Sokhna in Egypt weekly, and operates one vessel small, with a capacity of 700 TEU connecting to Sudan every two weeks.
 

Source: Phaata.com (According to Splash247) 

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